Meat delivery service Licious parent raises $3M from Mayfield India

“The company will use the funds to also enhance its technology and analytic capabilities, along with entering new markets such as Mumbai and Delhi,” said founder Abhay HanjuraRicha Maheshwari | ET Bureau | April 22, 2016, 09:56 IST

This is the first large funding that the Bengaluru-based company has received. Four months ago, Delightful Gourmet had secured $1 million (about Rs 6.4 crore) in angel funding from a clutch of investors including former Infosys board member Mohandas Pai and ex-Helion Ventures co-founder Kanwaljeet Singh.

“The company will use the funds to also enhance its technology and analytic capabilities, along with entering new markets such as Mumbai and Delhi,” said Abhay Hanjura, an insurance industry professional who founded Licious in June 2015 along with Vivek Gupta, former finance controller at Helion Venture Partners.

Licious, which manages meat and seafood supply chain from processing to delivery, claims it receives nearly 15,000 orders per month on an average. The firm has a central processing unit in Bengaluru and 10 delivery centres across the city.